The SEBI has imposed a Rs 50-lakh fine on Chennai-based Helios and Matheson Information Technology for ‘alleged irregularity' in trading of the company's shares.
SEBI conducted an investigation into the alleged irregularity for the period February 2005 to September 2006.
Officials of the company could not be reached for a comment.
In a communication to the BSE, the company has said that it will appeal before Securities Appellate Tribunal.